Retirement plan

RANDALL NOE AUTO GROUP 401(K)

Name: RANDALL NOE HYUNDAI, LP - RANDALL NOE AUTO GROUP 401(K) (2022) Form 5500
Creator: RANDALL NOE HYUNDAI, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RANDALL NOE AUTO GROUP 401(K), RANDALL NOE HYUNDAI, LP

RANDALL NOE HYUNDAI, LPEIN 20-2349791Plan #002PY 2022

PO DRAWER B - TERRELL, TX 75160972-524-3775LinkedIn1-10 employees

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$2.7M

No prior year

Total participants

No prior year

Average account balance

$33,818

No prior year

Annual return

-19.04%

No prior year

Benchmarks

See 9,445 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,445 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.93M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$49K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

76.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$175K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+21.84%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$776

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$8,720
LEO MECHANICAL SERVICE INC1+ years Filed as: LEO BROKERAGE LLC Service code 55 · EIN 75-2856929	Other Commissions	$3,726
NORTHWESTERN MUTUAL INVESTMENT SERV1+ years Filed as: NORTHWESTERN MUTUAL INVESTMENT Service code 55 · EIN 52-2114207	Other Commissions	$3,390

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$9K

$141 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.326%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LANE GORMAN TRUBITT, LLC
Auditor EIN: 751044330
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,818

$59,813-43.5%

$79,580-57.5%

$68,486-50.6%

Participation rate

90.3%

61.1%+29.3pp

69.5%+20.8pp

67.9%+22.4pp

Annual return

-19.04%

-12.30%-6.7pp

0.15%-19.2pp

-7.85%-11.2pp

Employer contribution / active EE

$1,505-100.0%

$2,413-100.0%

$2,597-100.0%

Participant deferral / active EE

$3,686

$3,024+21.9%

$3,985-7.5%

$4,028-8.5%

Admin fee / account holder

$110

$4,835-97.7%

$6,835-98.4%

$5,404-98.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$8,720

LEO MECHANICAL SERVICE INC1+ years

Filed as: LEO BROKERAGE LLC

Service code 55 · EIN 75-2856929

Other Commissions

$3,726

NORTHWESTERN MUTUAL INVESTMENT SERV1+ years

Filed as: NORTHWESTERN MUTUAL INVESTMENT

Service code 55 · EIN 52-2114207

Other Commissions

$3,390

RANDALL NOE AUTO GROUP 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RANDALL NOE AUTO GROUP 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion